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  • FIRST POST
    • jacquisu67
    • By jacquisu67 18th May 17, 2:12 PM
    • 2Posts
    • 0Thanks
    jacquisu67
    Selling property to cash buyer
    • #1
    • 18th May 17, 2:12 PM
    Selling property to cash buyer 18th May 17 at 2:12 PM
    I have a small property that I am selling for a small price of 21k. It is freehold, owned by my husband and myself in joint names with no mortgage/loan attached. The buyer is a cash buyer wanting to complete quickly.

    Is it possible to do this myself and what does it involve. I have all the deeds and keys in my possession.

    Do I have to draw up my own contract or do we just sign the one the buyers provide?

    Any help given is gratefully received
Page 1
    • rentmekid
    • By rentmekid 18th May 17, 2:39 PM
    • 44 Posts
    • 20 Thanks
    rentmekid
    • #2
    • 18th May 17, 2:39 PM
    • #2
    • 18th May 17, 2:39 PM
    best to do through a solicitor to avoid any mess ups
    • stator
    • By stator 18th May 17, 3:10 PM
    • 5,526 Posts
    • 3,516 Thanks
    stator
    • #3
    • 18th May 17, 3:10 PM
    • #3
    • 18th May 17, 3:10 PM
    In theory you can do it yourself. But definitely best to find a solicitor.
    Changing the world, one sarcastic comment at a time.
    • AnotherJoe
    • By AnotherJoe 18th May 17, 3:17 PM
    • 6,295 Posts
    • 6,667 Thanks
    AnotherJoe
    • #4
    • 18th May 17, 3:17 PM
    • #4
    • 18th May 17, 3:17 PM
    21k? Crikey. Thats not even a deposit hereabouts.
    Is it one of these


    A thought; You say "i have the deeds in my possession" if that implies its not been electronically registered that may hold things up ?
    Last edited by AnotherJoe; 18-05-2017 at 3:20 PM.
    • saajan_12
    • By saajan_12 18th May 17, 3:26 PM
    • 390 Posts
    • 240 Thanks
    saajan_12
    • #5
    • 18th May 17, 3:26 PM
    • #5
    • 18th May 17, 3:26 PM
    Do the buyers not want to run any checks (survey/valuation/searches etc). If not, then it would be very quick (and hence cheap) job to get a solicitor to deal with the contracts, funds and deeds.
    • G_M
    • By G_M 18th May 17, 3:56 PM
    • 39,252 Posts
    • 44,603 Thanks
    G_M
    • #6
    • 18th May 17, 3:56 PM
    • #6
    • 18th May 17, 3:56 PM
    DIY conveyancing is perfectly possible, if

    a) it's a straightforward sale
    b) no mortgage
    c) registered land
    d) freehold
    e) no tricky covenants etc
    f) you are reasonably literate/intelligent
    g) you're prepared to put in the time learning the process
    h) you are a methodical person

    The more of the above that are 'no', the harder & less advisable it becomes.

    Get a decent book eg

    https://www.amazon.co.uk/Which-Guide-Conveyancing-Consumer-Guides/dp/085202813X/ref=sr_1_1?s=books&ie=UTF8&qid=1495119253&sr=1-1&keywords=diy+conveyancing

    https://www.amazon.co.uk/Practical-Residential-Conveyancing-Emerald-Lawyer/dp/1847165850/ref=sr_1_5?s=books&ie=UTF8&qid=1495119316&sr=1-5&keywords=conveyancing
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